This was an experiment to find any relevant patterns or correlations between US Bonds/equities. Nasdaq was not included due to it's high %'s skewing the perspectives on the chart
Green vertical lines were "buy signals", and the red lines were sells. The result is that there definitely is some correlation here with the "oversold"/overbought" position on US 30yr bonds and US equities. What I'm seeing is more often than not it is an accurate indicator for a trend reversal, and also that it is not time for a buy "long term" yet. That signal comes (more often than not) when the 30 yr bond price is overbought on a weekly timeframe.
I'm expecting an equities bounce in the next few days, but I'll be setting my long term buy targets lower. S&P around 2200-2300 wouldn't surprise me before the end of 2019
Green vertical lines were "buy signals", and the red lines were sells. The result is that there definitely is some correlation here with the "oversold"/overbought" position on US 30yr bonds and US equities. What I'm seeing is more often than not it is an accurate indicator for a trend reversal, and also that it is not time for a buy "long term" yet. That signal comes (more often than not) when the 30 yr bond price is overbought on a weekly timeframe.
I'm expecting an equities bounce in the next few days, but I'll be setting my long term buy targets lower. S&P around 2200-2300 wouldn't surprise me before the end of 2019